CNX Resources Corp
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

CNX Resources Corporation (CNX) is an oil and gas company. The Company focused on the exploration, development, production, gathering, processing and acquisition of natural gas properties primarily in the Appalachian Basin. The Company develops and explores for natural gas in Appalachia (Pennsylvania, West Virginia, Ohio, and Virginia). Its primary focus is in the development of its Marcellus Shale acreage and delineation and development of Utica Shale acreage. Its operations are located throughout Appalachia. CNX owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as several natural gas processing facilities. CNX consists of two principal business divisions: Exploration and Production (E&P) and Midstream. The principal activity of the E&P Division includes four segments which, is to produce pipeline natural gas for sale primarily to gas wholesalers.

Closing Price
$11.40
Day's Change
-0.10 (-0.87%)
Bid
--
Ask
--
B/A Size
--
Day's High
11.64
Day's Low
11.16
Volume
(Heavy Day)
Volume:
7,874,693

10-day average volume:
3,938,737
7,874,693

UPDATE: Private-equity investor buys back Krave meat snacks brand from Hershey

1:11 pm ET May 4, 2020 (MarketWatch)
Print

Sonoma Brands, a private-equity investor in emerging brands led by Jon Sebastiani, has bought back the Krave brand of jerky from Hershey Co. (HSY), the group announced on Monday. Sebastiani, who started his career in the family wine business, is also founder of the Krave brand. Krave launched in 2009 and Hershey purchased it in 2015. Krave products include beef and pork jerky, pork rinds and plant-based jerky. Hershey recently reported an earnings miss (http://www.marketwatch.com/story/hershey-reports-earnings-miss-guidance-withdrawn-2020-04-23), and says consumers are buying fewer snacks and sweets (http://www.marketwatch.com/story/hershey-says-shoppers-are-buying-fewer-snacks-and-sweets-as-unemployment-soars-2020-04-23) as the coronavirus pandemic drives up unemployment. During the earnings call, Chief Executive Michelle Buck said the company seeks to divest not just the Krave brand, but also the Scharffen Berger and Dagoba chocolate brands "in order to better prioritize resources against assets that fit our business model and scale capabilities," according to a FactSet transcript. Hershey stock is up 8% for the past year while the S&P 500 index is down 4.2% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 04, 2020 13:11 ET (17:11 GMT)

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